North Carolina for Quality Virtual Education

Analysis

North Carolina for Quality Virtual Education is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North Carolina for Quality Virtual Education reported income of $25.1m and spending of $26.8m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.1m to $25.1m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina for Quality Virtual Education sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Collaborative for Regional Educational Services and Training ($25.1m), Wake County Smartstart ($25.1m) and Roger Williams University School of Law ($25.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $10.6m. At year end it held assets of $3.9m against liabilities of $1.9m, net assets of $2.1m. It reported 217 employees.